Independent SME funder Bibby Financial Services (BFS) has provided a £6.75 million invoice discounting facility and loan to AMC Private Equity Ltd to support its acquisition of Linsco Ltd, England’s oldest construction recruitment agency.

The deal enables AMC, which specialises in investments across the property and recruitment sectors, to drive the next phase of growth for Linsco.

Based in Nottingham, Linsco has been operating for 47 years and has set out plans to become the UK’s largest construction-focused agency.

The funding package was introduced by Pinnacle Business Finance through Mike Stevens, business development manager for the South West at BFS. The transaction was led by BFS corporate business development manager, Glenn Souter.

Jeff Cruddington, partner at AMC Private Equity, said BFS’s approach was key to completing the deal swiftly. He said: “BFS supported us at every stage of the process. From the outset, they took the time to get to know our business and develop a clear understanding of our goals, ultimately creating a funding facility which was precisely tailored to our needs.

“Their speed and efficiency – completing the deal in under two months – made all the difference. Glenn and his team have been excellent partners, and we’re excited to enter this next phase for both AMC and Linsco Ltd.”

Souter said the partnership demonstrated the lender’s ability to provide sector-specific financial support to ambitious SMEs. “It’s a privilege to partner with AMC on this new venture. Their ambitious growth strategy, combined with our team’s expertise in the construction and recruitment sectors, has created a strong foundation for success.

“We’re proud to provide a flexible invoice discounting facility to support both AMC and Linsco Ltd, and we look forward to seeing their continued growth.”